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whole >>> rain on christmas day, more showers into wednesday >>> it's been a difficult year in spain. one in four people there out of work, but it's ending with some christmas cheer. nearly 2,000 people hit the jackpot in the world's richest lottery. the story of el gordo is next on "cbs this morning." and it feels like your life revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira saw significant symptom relief and many achieved remission. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma or other types of cancer have happened. blood, liver and nervous system problems, serious allergic reactions and new or worsening heart failure have occurred. before starting humira, your doctor should test you for tb. ask your doctor if you live in or have been to a region wher
nations, such as france or spain whatever, you had to make george iii out to be a tyrant. so he came up with all of these arguments about what he did and that is with jefferson did. >> what did you think? >> i was not a big jeffersonian after i did all of this. he was a wordsmith. he was not a good executive when he was governor of virginia. he was not able to organize effective resistance. he was't famous until famous in the sense that we know historically now. so when he was running for president in the 17 nineties, he held in sulphide as the author of the declaration of independence. which in some ways he was. nobody even cared about that in the 1770s. but that was his claim to fame when he was running for the presidency. he and john adams died on the same day. that is when the whole thing became a sainted document. it was god's handiwork that he -- that they died on the same day. >> would you have fit back in those days? >> up probably would have been a trouble maker -- i probably would have been a trouble maker. i probably also would have been somebody who had a strategic bent. i'm
to be credible to the other nations so they could gain from france or spain, and this was another reason for the declaration of independence, you had to make george iii out to be a tyrant. sonya, with all these arguments about what he did. that is where tempers and dead. -- so they made all these arguments. >> what did you think about jefferson? >> i did not think much. he was a words maturity was not a good governor of virginia. the british almost caught him one time. he was not able to organize effective resistance. he was not famous until he was -- famous in the sense that we know him historical now -- until when he was running for president in the 17 nineties. he held himself out as the author of the declaration of independence, which in some ways he was. nobody had cared about that during 1770 s, but it helped him. that was his claim to fame when he was running for the presidency. then when he and john adams died on the same day, july 4, 1826, and that's when the whole thing became the document that this was god's handiwork, but they died on the same day. >> knowing what you know ab
: for "smart is the new rich," i'm christine romans. >>> a small town in spain has hit the jackpot. we'll tell you about that in a moment. >>> and if you go out today, you can watch cnn from your mobile device. punch in cnn live or from your laptop, that is. punch in cnn.com/. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assisnce, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. >>> president obama says he's optd meigsic a bill can be reached on the so-called fiscal cliff. the president and lawmakers left washington for the holidays, but leaders from both sides plan to return after christmas to try to hammer out a deal that would avoid tax hikes for millions of americans. >>> cold, windy, and snowy. that sums up the weather across much of the n
the edge right after this. >>> hi. wire the cantrells -- hi. we're the cantrells from spain. we'd like to wish our family in washington d.c. a very merry christmas. merry christmas, guys, we miss you. hi, gran. welcome to chevy's year-end event. so, the 5.3-liter v-8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer power? [ laughing ] [ stops laughing ] [ male announcer ] chevy's giving more. this holiday season, trade up to get the 2012 chevy silverado all-star edition for 0% apr financing for 60 months plus $2,000 cash allowance or get a total value of $9,000. >> you don't know me. my name is jay. what's your name? >> helen. >> 67-year-old helen grossman had no idea who jay-z was. now the video is going viral. have great nye. >> fox 5 news isn't over go. -- night. >> fox 5 news isn't over go. to www.myfoxdc.com for news, weather and entertainment updates. fox 5 news is washington's best news on air and online at www.myfoxdc.com brought to you by verizon 4g lte. aids affects us all. even babies. d transmission. our employees and their families are part of
so far. europe is moving things. not the united states. spain also by the way we didn't talk about this they officially asked for european funds to recapitalize their banking sectors. that's also a bit of good news. i want to talk about china because i got a lot of calls and questions about my comments last week on china. have you noticed we got good news on the manufacturing overnight on china. better than expected. november better than expected. the pmi numbers. guess the whole world went up. korea went up. everything went up except china. a lot of comments last week about what exactly is happening in china because china -- mainland china stock market is among of the worst performers for the whole year. we're down 11% in shanghai this year. hong kong is up 18%. how do you explain this? this was a huge debate in the last couple of weeks and of course a lot of people are@@ pointing to the fact that there's less stimulus than expected coming from the government. they haven't said anything but that's not the problem. this has been going on now for months and months on end. selling sh
spain is $9. i drink a lot of that. >> this sounds like a law firm in barcelona. some of the most amazing sparkling wines and values come from spain and it's only $9. it's made like a champagne but doesn't cost lime one. >> how much is that? >> it's $12. it's absolutely a party in a bottle. >> if you go to italy, whether you're in rome or venice, you'll see literally everybody on new year's eve walking around with it. this is a very good one. >> and then a sparkling wine from australia. >> it's unusual. >> yeah. i've never heard of that. >> people think of australia gives us chardonnay and others. this is jacob's creek. ice made exactly like a champagne, chardonnay and pi pino noir, two of the grapes that go in champagne. but it's really remarkable. >> this is champagne? >> it's right next door to champagne. in france when they make wine in a sparkling wine type style, you can get this from burgundy. this one is made from pinot noir and chardonnay. it's aged like a champagne but doesn't cost like a champagne. this is only $17 an hour. this is my personal favorite. this is very fam
. and what happened in benghazi, you know, it was called the ton spain yus mob. what was it, didn't want it call it terror, insane. >> it is insane. any advice from our audience how do we deal with intolerance from the left. >> well, you know, there's a book out there. (laughter) >> and it's going to be on tour next week, oklahoma and louisiana. and fake outrage is usually done by someone, ignore them, they're not worth your time. if they don't go away, mock them and use them against them. if someone calls you a bigot, you know, you're projecting your ownism is why you're calling me a bigot. and that will make their head explode and then you can laugh and dance around them. >> the book is called "the joy of hate" and the studio audience is going to be happy, a copy of greg gut held's book. >> wait a minute, they have to pay for it. >> no. and gabby douglas, a business manner trying to create jobs and prime minister's trying the dream into a nightmare. i'd like to hear from you, go to my website, and the lead fooeb section and sign up for my textbook page and follow me on twitter. you ca
. the crisis in europe is going to get dramatically worse in portugal, spain, italy. there is dysfunction in the european union. that's one place to look. that's going to encourage russia to make moves of its own, you mentioned south africa. south africa is not going in a good direction, it's supposed to be the most optimistic spot on the african continent. so i don't see many bright spots, maybe new zealand, but some say that even new seeland-- >> still ahead, counting to obamacare. big changes could be coming in 2013 for you and your family. thanks to the president's health care overhaul. we'll tell you what to expect when we come back. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >> well, get ready, america, for the arrival of obamacare, some key provisions of the president's mammoth overhaul kick in come january and joe is here to tell you what to expect. or as we call the bill, j
dramatically worse. in portugal, spain, italy, there is deepening political dysfunction in the european union. thases one place to look -- that's one place to look. it will encourage russia to make moves of its own. you mentioned south africa. south africa is not going in a good direction. it was supposed to be the most optimistic spot on the african continent. i don't see many bright spots. maybe new zealand, but even the new zealand economy is heading south. >>> still ahead, counting down to obamacare. big changes could be coming in 2013 for you and your family thanks to the y president's health care overhaul. we'll tell you what to expect when we come back. >>> well, get ready, america, for the arrival of obamacare. key provisions of the mammoth health care overhaulro kick in. the editorial board member is here to tell you what to expect. or as we call the bill, joe, the lifetime employment act. so what can we expect this year? >> well, look, the bill ramps up starting in october 2013. so you are going to have three big changes. it is pouring out of the obama administration and regulation
. in portugal, spain, italy, there isening political dysfunction. that is going to encourage russia to make moves of its own. you mention south africa, south africa is not going in 'n a good direction. it was supposed to be the most optimistic spot. maybe new zealand but somebody told me they are heading south. >> paul: coming down to obamacare. big changes may be coming for 2013 for you and your family thanks to the president's healthcare overhaul. we'll tell you what to expect when we come back. ly? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi pri
and my music played in spain and italy. it's been a great journey. >> what do you have coming up next? in addition to the album release, where are you performing next? >> i plan to do a lot of traveling nationally. i haven't been to the west coast to promote this album. that's my next stop. >> a lot of people when they start singing they get to a point where they don't pat on themselves but find someone they like. do you have someone like that that inspired you vocally? >> i have many inspirations. stevie wonder, michael jackson. anita baker and nancy wilson. i have many influences. >> before we let you sing, anything else you want to say about your album? >> i'm looking forward to performing tonight new year's eve. i'm excited to bring joy to people for 2013. >> all right. cool. tell us the name of the song you are about to sing. >> the name of the song is euphoria. >> the name of the cd is? >> songs for janie. >> all right. go ahead. take it away. >> all right. >> ♪ ♪ imagine wherever you go there's not the way surrounding you carry you through hurt and pain but constantly as
production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and children one year and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing. have serious health conditions, or take other medicines. if you develop an allerg
in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >> greta: a california teachers union produces a shocking video. a 60 seconds. ainsley has the headlines. the senate passed a sweeping defense bill but far from a done deal. the $631 billion measure calls for a speedy withdrawal of u.s. forces from afghanistan, tighter sanctions on iran and money for military equipment and personnel. the obama administration has threatened to veto the measure saying it would limit the president a's thoroug
power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with less chronic osteoarthritis pain. imagine living your life with less chronic low back pain. imagine you, with less pain. cymbalta can help. cymbalta is fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day, every day, can help reduce this pain. tell your doctor right away if your mood worsens, you have unusual changes in mood or behavior or thoughts of suicide. antidepressants can increase these in children, teens, and young adults. cymbalta is not approved for children under 18. people taking maois or thioridazine or with uncontrolled glaucoma should not take cymb
. the reports if the winning numbers were played by a group of people in northeast spain, but participants should be prepared to split the money. there's no single jackpot. instead, it's a share the wealth system with thousands of winners, still it works out to about $524,000 per person. >>> and been going gangnam style? you are surely not alone. the viral hit song by south korean rapper psi is now the most watched music video of all time. that's according to billboard which says it's been viewed now more than 1 billion time. that's billion with a "b." gangnam style, indeed, you're not alone, randi. >> i'm still thinking about that water that guy in the first story the guy threw off. >> unbelievable. >> disappeared in thin air like that. i once actually fried an egg in a very hot city i used to work in in local news. >> you can also bake cookies, you know, in your car. something like that. >> i love it. thanks, nick. we'll check back with you. >>> shifting gears now, president obama promising action on gun control and he's put vice president biden in charge of the response. but the nra has
ago, two people were hiking along a rocky cliff side in spain. they spotted the fossilized remains after dinosaur in a massive stone near the water. that stone was eventually washed out to sea and deposited someplace else. that part is peculiar. today a spanish army helicopter recovered the rock. the plans are to display it at a museum. experts say that they believe the remains are from a small plant-eating dinosaur that lived 152 million years ago. that's about the time that that food pyramid i was talking about earlier. >> that's in the smithsonian. >> quite a story from one big old rock. >> isn't that something? >> how did it get swept out to
of a small town in spain christmas came a little early. they have won the bulk of the country's annual christmas lottery that pays out $2.2 billion. it usually goes thousands of winners. the biggest prize was won by residents of this town near madrid. spaniards usually buy tickets to share and share it amongst their friends and family so the joy is spread around. the so-called mayan end of the world prediction has come and gone. i think we're all still here, but tourists have good reason to get a taste of mayan history and culture in cheech knee za, mexico. nick parker gives us a look. >> i'm here in ancient mayan ruins of cheech i neat za where thousands came to mark the end of the world as some said. well, the world didn't end but there are still many, many good reasons to come and visit what has been described as one of the seven wonders of the modern world. chichen itza was one confident largest cities in the em buyer. it stretches out about five square kilometers of ground here in the yucatan. a lot of the architecture is still extremely imposing. it templeal corresponds to the ma
in may performed by a flash mob in spain. this video got 8 million views on youtube. enjoy this, everyone. i'm going to. ♪ >> amber and marcy and paul started north carolina based footsteps clothing which had a booming christmas theme pa michael jordan a line. not one that could be just a seasonal business. they added other holidays and eventually expanded to products that celebrate family life. for more watch "your business" sunday mornings at 7:30 on msnbc. ♪ [ male announcer ] jill and her mouth have lived a great life. but she has some dental issues she's not happy about. so i introduced jill to crest pro-health for life. selected for people over 50. pro-health for life is a toothpaste that defends against tender, inflamed gums, sensitivity and weak enamel. conditions people over 50 experience. crest pro-health for life. so jill can keep living the good life. crest. life opens up when you do. ♪ end ♪ drown my sorrow ♪ no tomorrow ♪ month tomorrow ♪ find it kind of funny >> in today's office politics my discussion with jon meacham, author of "thomas jefferson the art powe
in southeast spain is cleaning up after revelers battled it out with flour, eggs, and -- wait for it -- firecrackers. the annual flour/egg/firecracker fight takes place on december 28 and celebrates spain's equivalent of april fool's day. to recap, that is flour, eggs, and firecrackers. jud . >> do they combine? >> yeah, like bisquick a la requirecrackers. >> some story meetings -- >> maybe next year. >> maybe. we'll see. >> thanks. >>> dylan dreyer has a check of the national forecast. good morning. >> good morning to you guys. yeah, talking about snow in the northeast. rain in the southeast. and right smack dab in the middle of the country, >>> snow will continue coming east. expect your snow chance prior to noon today. after that, it's rain. all the precipitation ending about 3:00 today. take a look because some folks are saying, where's the snow? it's west of us now between now and 9:00. that line will come to the east. we will be getting some snowfall in here, but only for about three or four hours. amounts pretty light. an inch, maybe just over that in montgomery county.
is going on in greece and spain and portugal. it leads to these unemployment rates of 20% in some of these countries. host: mr. bivens? guest: that is not what caused the debt in those countries. i think it shows they do not have an independent monetary policy. they cannot have an independent central bank that just prints money the way that we do. i think it is the un-wisdom of the currency union. there is no evidence that countries that our welfare states are in bigger trouble. with the previous caller, i totally agree. the skills of workers more unemployed is not much of to an employer's. -- employers. if there is was this unmet demand for skilled workers out there and employees had openings but there were not the right people, you would see wages spiking in all sorts of occupations. i do not see wages spiking in any sector of the economy right now. the idea that there is this diagnosis that, it is too bad you people are not employed, you people do not have the right skills, there is no evidence that is going on. host: jim on the republican line, from maine. caller: i thank unem
. he's headed back to the university of maryland and then spain. take a bow. nice to see you there, drew. he's done a great job and we will miss him. we leave you with this, check out peter doocy. you can have fun with the most popular video on youtube. here you
, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invesest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. live and in hd, this is an abc 7 news update. >> good morning. 7:26 on this tuesday, december 18. i am cynne simpson. you can drive a little faster major d.c.al commuter routes. stretches of several roads including new york avenue, capitolurg road, north street, and canal road. speed limits on parts of benning 295 were raised last month. an apparent home invasion and shooting in fort washington. suspects broke into a loflin road home overnight. the man confronted the then shot him. cash and jewelry. the man is expected to survive. news channel 8 will have more in in a fewbeginning minutes. get a look at today's commute with jamee whitten. good morning. >> good m
has zero nominal gdp grets. and they're funding at 4.5%. that is a bad business model. spain same story. so when you bnk our package and what's been offered so are far which appears like $1.6 trillion in tax hikes against $400 billion of entitlement cuts over time, that's an even worse mix than the two-thirds/one-third european structure that really has gotten a negative reaction. >> how much is because of the mix and how much of it just this is what austerity looks like? >> is the money in capping deductions or raising marginal tax rates? it's in capping deductions. but that's tough because you have to tell someone no like the housing lobby or charitable contributions. >> capping deductions seems line the easiest. >> it should be, but remember, you'll have lobbyists pushing you on it. so that's tougher decision rather than raising taxes on one small part of the population and then on the spending side, making those long term spending cuts is the only way of stabilizing debt. the sink guegle biggest driver medicare. so if we don't make those tough decisions now, all we've done is
not claim refugee status from spain. imagine, we got to spain and when not quite sure where to go my husband had family in the huingary but iranian officials have tons of money and they find homes on the west because they bring their money with them. the dissidents come with the clothes on their back and when we landed in canada, we had $200 in our pocket. we were literally hungry and no country was taking us. finally, canada did, and i am so grateful to this great country of north that get this a home where we had nowhere to go. i just need to make a point -- are we going to get time at the end? >> sure, will have time at the end. >> there is something i really need to mention. -- >> good morning and thank you. we have been working with people or former political prisoners and with the appropriate movement in iran. is clear that president obama will cut a deal or try to with the iranian regime over their nuclear weapons program that will, in fact, sacrifice the people of the iran. i would like to ask ali if you can add to some of those good suggestions that emanuele made earlier about tying
's going to be a lot of protests in spain, for example, today. foreign exchange, if we look at the dollar/yen, we look how quantitative easing is going to be a much more enhanced program in japan after the elections. you can clearly see how the dollar has performed quite admirably against that weakening of the currency issue on quantitative easing. remember, for an export economy, this is not something they're so upset about. last, but not least, even our weakened partner in europe, we just discussed, look how the euro versus the dollar is at some of the best levels we've seen since early may. something to pay attention to. we also had empire index on the weak side. and minus 56 billion on october treasury, international capital flows. that's the weakest level since the summer of 2011. now we're going to go to david faber who's talking about a sprint clear wire deal. how clear is it, david? >> we did get the deal itself, rick santelli. thank you very much. after a couple of months of which we've been talking about this. if you recall, back on october 10th, we got the deal this morning in
, but which is what is going on in greece and spain and portugal. it leads to these unemployment rates of 20% in some of these countries. host: mr. bivens? guest: that is not what caused the debt in those countries. spain had a lower gdp debt ratio than we did. i think it shows they do not have an independent monetary policy. they cannot have an independent central bank that just prints money the way that we do. i think it is the un-wisdom of the currency union. there is no evidence that countries with bigger welfare states are in bigger trouble. with the previous caller, i totally agree. the skills of workers more unemployed is not much of to an employers. if there is was this unmet demand for skilled workers out there and employees had openings but there were not the right people, you would see wages spiking in all sorts of occupations. i do not see wages spiking in any sector of the economy right now. the idea that there is this diagnosis that, it is too bad you people are not employed, you people do not have the right skills, there is no evidence that is going on. host: jim on the republ
, it is more important to make all the fiscal cuts them back as greece and spain know, when people do not trust your debt, weak issue too much debt. if everyone heads to the door like china and other is, our debt is really going to go up. host: should the raising of the debt ceiling be tied to these overall conversations or is that too dangerous? you talk about people shied away from your debt. caller: yes. you are going to have a tipping point that people are blind to. since 1847 with popular delusions and the madness of crowds when you get a contagion in there, you do not know what is going to be. people are going to run for the door. it is just stupid. they should have done the tax cuts first and then see if they need to raise taxes. the more sound policy is to cut some savings first to even see if we have to raise taxes. host: here is the statement put out by the white house yesterday. it actually promises to lower rates for the wealthy and sticks the middle class with the bell. bill. susan in pennsylvania, a democratic caller. welcome to the conversation. caller: what i am thinking is the
, spain, great britain and mexico. they were found on the issue of slavery in the territory and southern nationalism. when you think about the jefferson-jackson party formation what they had was truly affect. bottled up along the eastern seaboard and they gained control over course of 50 years of the entire continent, the pacific. there is no possibility is that americans could settle that territory of the time. the the united states gained control of the arizona territory in 1846. it didn't become a state until 1914. the louisiana purchase the would begin to settle it in the 1850's when the slavery issue for the country apart. the republican regime orchestrated the industrialization of the nation based on the concept of economic liberty, the tariff and the gold standard. in 1865 the united states was an agricultural country about 30 million. when they were overthrown and was a highly industrialized country and probably the most prosperous country in the world. that wasn't six ackley known by americans at the time. >> i met the party platforms of the republican party and the democratic
of questions. how does it apply to us. they're going through an awl lot in spain. it is a terrible economic situation. 50% unemployment for young people. 25% unemployment in the country. >> bill: wow. >> we think we got it bad. tricky stuff. >> bill: oh, boy. thanks for coming back from madrid just for -- >> just for the show. >> bill: for the "full court press" this morning. yesterday, we lost a real hero. a legendary united states senator in dan inouye died yesterday at the age of 88. he was known for many things. he had been representing hawaii. peter, as you know, since 1954. even before hawaii was a state. united states senator since 1963. and of course, a war hero. lost his right arm in combat in world war ii. was given the medal of honor by president clinton. >> which, by the way that's an amazing story about how he got that medal of honor and basically his hand, on a hand grenade. unbelievable. >> bill: he had one of the most distinctive speaking voices of any united states senator. here he is last yea
this fiscal fundamentalism that has been practiced in greece, spain, portugal, right now, with massive cuts will be good for the u.s. economy, they are sadly mistaken. $300 billion, that could spike unemployment in the teens. that kind of recession would not be one from which the economy could easily read resurrect consumer spending. host: ed is on the line. caller: how are you? observing the president over the past four years, it seems he is delivering on what he promised, which is he was coined to fundamentally change america. through these economic policies of the spending program, the growing dependency on government by not only individuals but corporations, it seems he is getting what he wants. it seems to me that going over the clip will just be another blow to the u.s. economy, which will help his political position. it seems the dependency -- it seems dependency has been the game. americans have to rely more on the political class to save them more dependent they become one government. it is frightening. the president is going to fundamentally change america. he is delivering on its
, and spain and italy, and france. they all grow slow of the they have extremely high unemployment rates. we would have a slow economy and high unemployment forever if we taxed ourselves like that. gregg: all right. >> this idea that somehow you can't tax the middle class or we won't, it's impossible. if we keep --. gregg: that is a bad idea, right, i get it. i get it. vat. that i get. >> value-added tax is the worst thing. gregg: brian, what is the solution? >> yeah. i, well, if i were king for a day and told to make the economy grow faster, i would cut the size of our federal government. we need to cut spending everywhere because, the best our economy has done in the last 30 years is during the '80s and '90s. that's when ronald reagan and bill clinton cut spending. i would take the clinton tax rates, right now, i would take them. gregg: really. >> they won't hurt the economy, if, i got clinton's spending. he spent one-third less on federal government than barack obama is today, one-third less. we've increased the size of the government by over 33%. gregg:er hereby announce you king for a d
and france are about to go in recession. when you have a shaky economy, piling on taxes does not work. spain's has been raising taxes. we have not seen anything like this with governments deliberately raising taxes on a scale since the early 1930's. they should be going in the opposite direction. they are putting more burdens on the private economies. host: somebody who may be in your income group wrote an op-ed about a month ago and this is part of it. i want to get your reaction. guest: in terms of income and what people effectively pay in tax rates, people and higher incomes pay effective tax rates three times those earning middle incomes in this country. salaried income versus capital gains gets confused. capital gains are no sure things. it is a high-risk proposition. there has always been a lower rate for capital gains. you would see this economy crater and hope of investment and go by the boards. bill clinton lowered the tax rates. to reverse that trend, that was a bad decade, the 1970 's. we have seen that in other countries. raise the rates and you get less investment and a lower st
fight in spain. the traditional battle with flour, eggs and fireworks is a yearly event in the town. people dress in silly, military style costumes, and then take overpower in the town until sunset. the celebration marks the day of the innocence which is described as their april fool's day. whatever makes you happy. >>> one of the best rivalries in college sports will take place in stanford. the women's team will tip off against the huskies. both go in undefeated. the women have an 82 straight win streak there. >> stanford is going to have plenty of report on new year's day. 38, 9oo fans bought tickets while only 16, 5hundred went to wisconsin fans. its been 13 years since stanford appears at the bowl. yesterday stanford practiced at the home depot center. >>> preparations are underway for the 124th rose parade. volunteers busy putting on the final touches on all the floats, this year's theme, the places you will go. inspired by dr. suess. dogs will be a big part of the parade. people won't be able to steak out spots until noon on monday. more than 700,000 people are expected to at
in greece and spain. imagine what the minority unemployment would be if we had a 25% unemployment rate on average in the united states. we see pensions being cut without any notice hardly at all. social programs slashed. there is at least some probability that will happen to us. i will say it is a certainty eventually if we do not do something about the situation. i would think they would be much more sober in their demand. at this moment, i do not see it. >> i would say a lot of this is, if we are talking inside the beltway, that is a different conversation. part of the disservice is the debate is having today is it is steering away from what the real issues are, the most depressing issue, i am more optimistic. it is steering the conversation away from that. it is not helping ordinary americans understand what the threat is over a somewhat longer term. i do not think we have 25 years anymore. maybe it is two or five. we get closer and closer every year that we build up our debt and every year that we postpone tackling entitlements. >> we had a political -- someone who ran the congress
from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. it has 7 antioxidants to support cell health. one a day 50+. >>> chase kowalski completed his first little kid's mini triathlon. he was a cub scout who played baseball, enjoyed the kids workshop at the home depot as well, 7 years old. injo injoining us now, dr. drew pinske. thanks so much. how important is it first of all for these other kids, nearly 600 of them, to get back into a regular school routine? >> it's very important, wolf, that these parents tell their kids that they're going to be safe and they need to
go with the resignation of mario monti. greece is higher. por sh gal is higher. spain is higher. it's a good day for -- investor sentiment.strongly it was revealed today. optimism over what the fed is going to do in the united states tomorrow. optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay of a lot of the italian business broadcasts internally. they say our bonds are currently trading so
, and in my state, at least from two countries, spain and germany, we have been able to export -- or import jobs -- or i should say import the ability to create jobs through foreign investment in my state for the component manufacturing. so it's been a success so many ways. and maybe one other thing that ought to be emphasized at this time where some of our members and maybe more members in the other body seem to be more cynical about any sort of investment in green energy because of solyndra and other places where taxpayer money has gone in the way of grants and then there has been immediate bankruptcy so the wasting of the taxpayers' money. there is no -- absolutely no benefit from the wind energy tax credit unless you actually produce electricity from it. so it's not going to be one of these situations where taxpayer money through a tax incentive is going to go to some company and not reap the benefits of it, the end result in this case being the production of wind energy. the production tax credit for wind is working and should be a part of the effort in washington to get more americans
people of negative spirits from the previous year. >> all right. >> good one. >> spain, natalie, you know about this one. we're going to show it. >> we're going to demo. it sounds easy to eat 12 grapes. it is not easy. >> do we have the chimes? >> we're going to do it. so 30 seconds on the clock, please. >> this should go well. >> are we going to hear this? [ chiming ] >> you can't even get them in your mouth. oh, my -- good work. >> thank you. this is what happens when you've been pounding campaign all night. you can't deliver a grape into your mouth at close range. >> i'm dead sober. how do they do this drunk? >> you littered the floor with grapes. >> i'm sorry. >> they did those chimes too fast. >> those were very fast. >> that was very fun. >> you missed your mouth by half an inch. you couldn't make the transaction. amazing. >> how was your grape eating? >> you have to make one. yes! it's in there. >> i started laughing looking at everybody. >> it's fun. >> this is my new tradition. new underwear and grape eating. >> not for kids. >> exactly. >> now i have a little game for you guys.
spain. $9.99 a bottle, a big, robust full-flavored red wine. one of the secret tricks of the wine business, if you look on the back of the bottle it says eric solomon selections. one thing is there are importers who act as curators. they only bring in things they love. importers are always on the back of the bottle. without knowing the wine, you know it's going to be a good wine. that is a little insider. >> you didn't love that? >> no, i did. if you're not an expert, there is a $9.99, how do you know it's that one and not sort of a cheap wine? >> partly by tasting a lot. go to a good store. first advice is find a store where people pay attention to you, listen to what you say, listen to what you like. they are not going to try to sell you something that's bad because they want your business to come back. trust those guys. it's good. >> pascual toso, argentine malbec. that is $10.99 a bottle. holiday buying. you know you're going to pour wine for a lot of people. buy by the case. most stores give you 10% -- you need to buy lots and lots of wine. 10%, 15% is standard. we bought the
with an average of 182 in germany. 10,000 987 compared with an average of 182 in germany, 75 in spain and 47 in the united kingdom. mexico, their average about 5,980 annual homicides, still half of ours by firearms during that same period. colombia was higher. an executive director of the chicago crime lab has said that this is an outliar and lethal violence. other countries have similar rates of rape and battery but said because so much american violence includes guns, includes guns, the rate of death of so much higher. steady gun violence leads especially, young blacks and latino men are likely to die in a shooting. each year from 2006 to 2010, homicide is the leading cause of death for african-american males from ages 15 to 24 more than the next nine causes of death combined according to the ces for disease control and prevention. gun violence is part of a complex cycle born of poverty and residential segregation as is poor health and substandard education, which all are related to the poverty and the persistent gun violence. challenges that the nation has yet to truly face and address. a
protect their own ground forces? is there something about germany and italy and france and spain and england and japan that renders them genetically incapable of having their own air forces? i know we were told, well, we have to stay in iraq and afghanistan because they don't have any air force. well, neither do the people attacking them. the next thing we are told is, well, we need to protect the u.s. from a nuclear attack. i agree. we have a nuclear capacity that far exceeds any potential combination of enemies. we had during the height of the cold war the triad. we could destroy the soviet union and they had a capacity to go after us by missiles, submarines or the strategic air command. i have a proposal, sometimes i'm kidding, this time i'm not. can we not go to the pentagon and say, you know what? now that there is no more soviet union, there is a much weaker russia, and i agree, russia won a war against georgia. they won a war against the country of georgia. i think the way we have armed the state of georgia, i'm not sure what the outcome would be if that was the war. but r
[indiscernible] $750 billion came through and it was more aggressively priced than italy, spain, and portugal. that is where you create economic prosperity. the agencies are doing fantastic stuff but it will not create what we need on that continent. the marginal interventions are not going to create economic growth. we know how to create jobs, so instead of having large subsidy programs, start there. get rid of those programs and we can talk about economic growth. >> you can understand why they are the most prominent voices in the business. >> a look at social media and on line speech. this is half an hour. >> we are going to shift gears a bit. i took my tie off the war earlier this morning. first, there is wifi here. you should log on to the nyu guest account. user name is guest131. password is right there for you. we will talk about the use of social media. it has been on everyone's lips the last couple of years. we have wonderful guests that are known for their engagement with their audience. i predict we are going to hear a little bit of criticism and push back on some of the wisdom of s
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